Bourgeon Capital Management LLC Decreases Stake in Sony Group Co. (NYSE:SONY)

Bourgeon Capital Management LLC cut its stake in Sony Group Co. (NYSE:SONY - Free Report) by 71.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,553 shares of the company's stock after selling 67,150 shares during the quarter. Bourgeon Capital Management LLC's holdings in Sony Group were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SONY. FCA Corp TX boosted its holdings in shares of Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after buying an additional 900 shares during the last quarter. Silicon Valley Capital Partners raised its position in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the period. Capital Analysts LLC boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares during the last quarter. Fairscale Capital LLC boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC increased its stake in shares of Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

Shares of NYSE:SONY traded down $0.09 during trading on Wednesday, hitting $26.68. 3,288,666 shares of the company's stock were exchanged, compared to its average volume of 4,369,477. The business's 50-day simple moving average is $24.61 and its 200 day simple moving average is $23.01. The company has a market cap of $161.35 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 52-week low of $15.86 and a 52-week high of $26.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Analysts Set New Price Targets

SONY has been the topic of several analyst reports. The Goldman Sachs Group started coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Wall Street Zen cut Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Sony Group has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.